Thursday, June 14, 2012

Jpmorgan chase senate banking committee

Wednesday morning, Jamie Dimon, the CEO of JP Morgan Chase, faced a Senate hearing over more than $2 billion in bank losses caused by risky hedges that blew up.

(Huffington Post)

JPMorgan Chase Co.

(Bloomberg)

WASHINGTON — Jamie Dimon, the outspoken chief executive of JPMorgan Chase under scrutiny for a multibillion Testifying at a much-anticipated hearing before the Senate Banking Committee, Mr.

(New York Times)

JPMorgan the bank probably will seek to reclaim pay from executives responsible for $2 billion in trading losses.

(Denver Post)

JP Morgan Chase CEO Jamie Dimon appeared before the Senate Banking Committee today to discuss the bungled trade that has cost his bank billions and reignited interest in the Volcker Rule, which is meant to rein in risky bank trading.

(Think Progress)

Dimon told the Senate Banking Committee. He said the policy never has been invoked. Its likely that there will be clawbacks, he said.

(PITTSBURGH TRIBUNE-REVIEW)

The CEO of JP Morgan Chase Co., James Dimon, is testifying before the Senate Banking, Housing and Urban Affairs Committee on Wednesday after a $2 billion trading loss in early May.